BluePhoenix and WAZ Informatique Inc. partner on two new
modernization engagements

December 27, 2012 03:54 PM Eastern Standard Time

HERZLIA, Israel--(BUSINESS WIRE)--BluePhoenix (www.bphx.com)
(NASDAQ: BPHX), the leading provider of tools and services for
modernizing legacy systems and applications, and WAZ Informatique Inc.,
a company specialized in providing Information Technology consulting
services, announce that they have partnered to deliver legacy
modernization solutions for several large Canadian clients. These
clients have selected BluePhoenix Solutions for its innovative tools,
proven methodology, and global experience to convert legacy mainframe
applications to modern open standard platforms.

BluePhoenix and WAZ Informatique Inc. have partnered to provide legacy
modernization technology and services for several Canadian customers.
These engagements result in reduced IT operational costs, reduced
operational risks, along with improved customer focused service and
operations. What sets BluePhoenix and WAZ apart from the competitions is
the automated technology that delivers consistent results and reliable
milestones. The engagements have aggressive milestones and completion
dates which satisfy strategic plans to incrementally modernize legacy
mainframe environments.

“BluePhoenix can extend our modernization capabilities in Canada because
of our strategic partnership with WAZ Informatique Inc. We are excited
to work on these new projects with WAZ because of their capabilities and
superior reputation throughout Quebec,” said David Wurman, VP of Sales
at BluePhoenix. “Our modernization technology and 20 years of global
enterprise experience, along with local presence and credibility of WAZ
Informatique Inc., are distinctive reasons for client selection of
BluePhoenix modernization solutions.”

“Our clients are very selective with the technology companies they hire.
BluePhoenix has the innovative modernization tools that our clients
demand to meet their requirements. BluePhoenix successfully completes
modernization engagements with speed, precision and competence. We’re
excited to deliver these modernization projects in Canada,” stated
Frédéric Gingras, President of WAZ Informatique Inc.

About BluePhoenix Solutions

BluePhoenix Solutions Ltd. (NASDAQ: BPHX) is the leading provider of
legacy IT modernization conversion solutions. The BluePhoenix portfolio
includes a comprehensive suite of tools and services from global IT
asset assessment and impact analysis to automated database and
application migration. Leveraging over 20 years of best-practice domain
expertise, BluePhoenix works closely with its customers to ascertain
which assets should be migrated, redeveloped, or wrapped for reuse as
services or business processes, to protect and increase the value of
their business applications and legacy systems with minimized risk and
downtime.

BluePhoenix provides modernization solutions to companies from diverse
industries and vertical markets such as automotive, banking and
financial services, insurance, manufacturing, and retail. BluePhoenix
has 6 offices in the USA, UK, Italy, Romania, and Israel.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements contained in this release may be deemed
forward-looking statements within the meaning of the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995 and
other Federal Securities laws. You can identify these and other
forward-looking statements by the use of words such as “may,” “will,”
“plans,” “believes,” “estimates,” “expects," “predicts”, “intends,” the
negative of such terms, or other comparable terminology. Because such
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performance of the Company, they are subject to various risks and
uncertainties that could cause actual results to differ materially from
the Company’s current expectations. These risks and uncertainties
include but are not limited to: the effects of the global economic and
financial trends; market demand for the Company’s products; successful
implementation of the Company’s products; changes in the competitive
landscape, including new competitors or the impact of competitive
pricing and products; and such other risks and uncertainties as
identified in BluePhoenix’s most recent Annual Report on Form 20-F and
other reports filed by it with the SEC. Except as otherwise required by
law, BluePhoenix undertakes no obligation to publicly release any
revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.

This press release is also available at www.bphx.com.
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